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02 April 2020 The on-line newspaper devoted to the world of transports 05:03 GMT+2

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Sched Netweb site
MAY 25, 2017
  • CMA CGM to levy US$150/TEU Booking Cancellation Fee from June 1
  • Maersk Line reports rail congestion out of Long Beach TTI Terminal
  • Port of Incheon dredges to 16 metres to dock 8,000-TEU ships
  • Guam governor fears defence scheme's end will bring shipping monopoly
  • CMA CGM launches 2nd loop between India, Mideast and Africa
  • Hapag-Lloyd SEC makes New York terminal shift from GCT Bayonne to NYCT
  • Baltic Dry falls for 8 days to 956 points, Indian shipping fearful
  • GAC Samudera Logistics to open multi-user, pharma hub in Indonesia
  • China Trade Week hosted by Ghana aims to strengthen trade ties
  • INTTRA sees three techno trends converging on world box shipping
  • Pilots swarm Amazon AGM to protest working conditions
  • Kalitta Air takes leased 747-400F from General Electric's GECAS
  • DHL doubles size of Brussels pharma facility to 5,300 square metres
  • HNA opens 2 Belt and Road routes from Xian to America, Europe

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Exim Indiaweb site
MAY 24, 2017
  • BBC Chartering launches "BBC Euro-Gulf Express Line"
  • Digitisation seen as a competitive necessity for container shipping
  • Adani Ports FY17 revenue up 19 pc, PAT up 35 pc
  • Arjuna Ranatunga replaced as Sri Lanka's Ports & Shipping Minister
  • Cochin Port to commemorate arrival of first ship
  • V. O. Chidambaranar Port clinches Special Achievement award for maximum capacity addition of 44.94 mtpa in 2016-17
  • 'SMART Railways Conclave' on June 6
  • CONCOR commences train service from ICD Agra to Mundra Port
  • GST seen as biggest economic achievement of Modi govt

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IHS Maritimeweb site
MAY 24, 2017
  • Hapag-UASC merger closed at last
  • CargoMate system aims to end port delays
  • Hoegh LNG upbeat as profit jumps and outlook brightens
  • Sovcomflot grows specialist fleet but Q1 profit falls
  • Golden Ocean sees volatile but recovering dry bulk market ahead
  • Seadrill in advanced talks over recapitalisation but warns of stakeholder losses
  • Tarbit orders two high-heat cargo carriers from RMK
  • Yangtze River teu throughput expands heavily in April fuelling congestion at Shanghai
  • DSME claims 'superiority' in LNG carriers despite losing patent
  • Elderly tonnage dominates demolition sales as prices stay weak
  • Product tanker mega merger sees Scorpio take on 27 Navig8 vessels

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The Loadstarweb site
MAY 24, 2017
  • Hapag-Lloyd finally completes merger with UASC
  • Angry transport sector may pass €40 French foreign worker fee to customers
  • Bish, bash bosh... that's Jaguar Land-Rover exports on the wing
  • Don't underestimate the air freight forwarder: carrier digitisation is not market disruption
  • China plans cold chain regime for food logistics as spoilage limits volumes
  • Amazon and Nippon Express to help Japan's small businesses sell to US

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Marine Logweb site
MAY 24, 2017
  • Stolt-Nielsen orders two dual-fuel 7,500 cu.m LNG carriers
  • Scorpio to acquire Navig8 products tankers through merger
  • Skangas names European-built LNG bunkering vessel
  • NTSB reports on NYC area tugboat sinking in which three died
  • MAN engines power hybrid port patrol boat
  • Red ink first quarter for Navios Maritime Holdings
  • First Philippines STS LNG transfer, more to follow

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Lloyd's Listweb site
MAY 24, 2017
  • Panamax bulkers slump to five-month low amid debates over China factor
    Braemar ACM trumpets long-term benefits of One Belt, One Road
  • Scale alone will not save you, say tanker experts
    Industry voices cast a critical eye over the Scorpio and Navig8 deal in a world with excessive tonnage and tight capital
  • Chinese finally return to Nor-Shipping... sort of
    More Chinese exhibitors in Oslo this year, but Japan and South Korea seem to have stronger line-ups
  • UK port security unchanged despite Manchester terror bomb
    Dover on 'heightened security' for some time, statement confirms
  • Stolt-Nielsen inks first LNG carrier orders
    Chemical tanker giant gets serious about LNG as it builds its small-scale fleet
  • Evergreen to stay with UK flag - for now
    Boost for UK Ship Register as Taiwanese group decides to remain after considering alternatives
  • Ocean Yield amends charters to reflect Scorpio/Navig8 merger
    We now have a much stronger client, says Ocean Yield boss
  • Spanish ports strike cancelled as negotiations start up again
    Go-slows halted as unions and employers meet to nail down rules of new legislation
  • Hoegh shines as LNG demand climbs 13%
    Oslo-listed gas company sees results beat expectations
  • Consolidation action shifts to product tanker markets
    Scorpio-Navig8 deal to create world's largest product tanker fleet
  • Scorpio Tankers and pursuit of market supremacy
    Premium stock valuation is key theme behind recent mergers
  • Sovcomflot first-quarter net profit plunges amid weak tanker rates
    Time charter equivalent revenue falls to $274.4m from $290.8m year on year
  • Hapag-Lloyd to focus on integrating UASC
    Work on amalgamating services to begin in eight weeks, now that merger deal is finalised

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The Journal of Commerceweb site
MAY 24, 2017
  • Hapag-Lloyd ends free gensets for US reefer shippers
  • FMC looks to increase limited industry input on regulation
  • Brazilian exports power through tainted meat scandal
  • Higher port truck weight law boon to Texas exporters
  • US, Mexico to reopen Laredo border crossing
  • Roadrunner picks new CFO amid reorganization, relocates
  • Hapag-Lloyd, UASC close merger
  • Acquisitions fuel Eimskip revenue jump
  • Adani Ports breaks 4 million TEU for first time
  • Strong growth contributed to Shanghai congestion in April

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TradeWindsweb site
MAY 24, 2017
  • International coalition mulls carbon pricing for shipping
    Public-private sector group Carbon Pricing Leadership Coalition seeks to engage industry about decarbonisation.
  • Scorpio Tankers raises $200m for Navig8 fleet deal
    Tanker owner sells 50m shares at $4 each to help fund $1.145bn purchase.
  • KOTC launches VLCC and VLGC newbuilding tender
    Korean, Chinese and Japanese shipbuilders in the frame for Kuwaiti contracts
  • France identifies faults in Royal Caribbean lifeboat death
    But investigation board issues no recommendations after cruiseship giant takes quick action in response to Harmony of the Seas incident.
  • Stolt signs up for small-scale LNG ships
    First of up to five vessels for new venture Avenir LNG fixed to an energy major
  • Kherson Shipyard cuts its loss
    Ukrainian plant improves annual result despite fall in revenue.
  • Solstad secures 500 days of employment
    Oslo-listed offshore vessel owner wins new contracts and extensions for four PSVs.
  • Navios Holdings sells two, buys two and reports wider loss
    New York-listed shipowner offloads supramax duo and purchases leased products tankers.
  • Severnaya falls to loss in first quarter
    Russian shipbuilder hit by 40% revenue fall.
  • Masked men raid chemical tanker
    Robbers armed with knives board ship at jetty in Indonesia.
  • Navig8 Product deal gives Scorpio Tankers $3bn fleet
    Merger places Emanuele Lauro-led company ahead of Fredriksen, Angelicoussis and MOL in tanker fleet value.
  • Hapag seals landmark merger with UASC
    German owner does not plan to invest on newbuildings as it becomes the world's fifth largest liner company.
  • Western Bulk sets date for OTC return
    Jens Ismar says time is now right for shares to be listed on junior market.
  • Topaz sees red but remains stable
    Offshore vessel owner swings to a loss but not dissatisfied amid unprecedented challenges in the industry.
  • Eimskip profit chopped as costs rise
    Icelandic container line hit by depreciation, fuel and finance expenses.
  • Maersk Drilling agrees drillship pay cut
    ExxonMobil pays $22.5m to keep 2014-built vessel under its umbrella until December.
  • P&O brings in Bore car carrier
    UK ferry group charters Finnish ship after problems with Pride of Bruges.
  • AMSC eyes expansion opportunities
    US tanker owner says it can diversify its fleet after cutting loss.
  • Scorpio grabs Navig8 Product Tankers
    New York-listed products tanker owner swells fleet with deal to take over Oslo OTC-listed rival.
  • Golden Ocean ready to further deleverage
    Bulker owner sees Quintana fleet acquisition reduce its breakeven levels as it posts smaller-than-expected loss.
  • Norway offering ship retrofit cash
    Export Credit Norway wants a slice of ballast water and exhaust gas finance market.
  • Hoegh LNG profit on the rise
    Higher revenue and lower finance costs boost first-quarter bottom line.
  • New investor moves into Seadrill restructuring picture
    Significant progress made in talks with banks as Fredriksen company eyes cash injection; plan likely to involve Chapter 11 or similar arrangements.
  • Essar Shipping buys panamax bulker
    Indian shipowner expands fleet to 14 vessels with latest second-hand acquisition.
  • Glencore eyes possible Bunge takeover bid
    Analysts say deal could make Swiss commodity firm a major US agricultural power.
  • Bidders said to be emerging for UACC
    Trio of Gulf-based firms touted as possible acquirers of UASC stake in chemical tanker owner.

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American Shipperweb site
MAY 24, 2017
  • States call for crude oil volatility standards
    A coalition of six state attorneys general expressed strong support for a nationwide limit on the vapor pressure of crude oil transported b...
  • Executive Moves: Roadrunner, USA Truck, Crete Carrier and Port of Long Beach
    Source: Pressmaster/Shutterstock Roadrunner Transportation Systems, USA Truck, Crete Carrier and the Long Beach Board of Harbor Commissioner...
  • Agility aims to reenter U.S. logistics contracts
    With Agility's agreement to a misdemeanor in connection to a single $551 invoice and no criminal fine, the Kuwait-based third party logisti...
  • AAPA weighs in on Trump's FY2018 budget
    The American Association of Port Authorities (AAPA) has expressed concern over declines in various federally funded, port-related programs ...
  • Navios upbeat despite growing losses in Q1
    Navios Maritime Holdings Inc. had a net loss of $48.7 million in the first quarter of 2017 compared with a loss of $7.5 million in the same...
  • Hapag-Lloyd finalizes merger with UASC
    Germany's largest ocean carrier, Hapag-Lloyd, completed its merger today with United Arab Shipping Co. (UASC), a Kuwait-based carrier owned...
  • Diana Containerships reports $7.4m Q1 loss
    Athens-based ship lessor Diana Containerships Inc. reported a net loss of $7.4 million for the first quarter of 2017, compared to a net los...
  • CMA CGM issues booking cancellation fee
    French ocean carrier CMA CGM will implement a booking cancellation fee from North Europe (North Continent, the United Kingdom and Scandinav...
  • Port NOLA joins USDA cold treatment pilot
    The Port of New Orleans has joined a U.S. Department of Agriculture Southeast cold treatment pilot program that allows for the improved tra...

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The Bunker Bulletinweb site
MAY 24, 2017
  • East-West 380 CST fuel oil swap at seven month low on weakness in Singapore
    The July spread, traded and assessed at $13.25/mt Tuesday, was last lower on October 4 at $13/mt, S&P Global Platts data showed.
  • OPEC/non-OPEC committee teases longer oil output cuts beyond nine-month extension
    Final agreement still subject to negotiations Thursday
  • External: Wired Bunkering
  • Length of OPEC/non-OPEC oil output cut still in play: ministers
    Eyes are on OPEC's ministerial meeting on Thursday.
  • Completion of HAZID paves way for first LPG-fueled ferry using GE's COGES
    The COGES system consumes almost no lube oil and meets current and future regulations.
  • Japan's MOL to build its first LNG-fueled tug boat
    The development of the tugboat will also spur the initial development of an LNG fuel supply system for vessels in Osaka Bay.
  • FUTURES: Crude firms ahead of key OPEC/non-OPEC summit
  • ANALYSIS: OPEC's quest to manage sentiment hinges on likely oil cut extension
    - Sluggish drawdown of inventories remain a concern - OPEC needs to develop sound exit strategy - Members coalescing around nine-month extension
  • TANKERS: Scorpio to merge with Navig8 Product Tankers
    Following the merger, Scorpio will have a tanker fleet of 38 LR2s, 12 LR1s, 41 Medium Range vessels and 14 Handymaxes.

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